Stocks cut losses after report Credit Suisse, Swiss authorities are in talks
U.S. stocks trimmed sharp losses Wednesday afternoon following a report that Swiss authorities and Credit Suisse held talks aimed at stabilizing the troubled lender. Bloomberg, citing people familiar with the matter, said CS leaders and government officials have discussed options that ranged from a public statement of support to a potential liquidity backstop.
Ideas also discussed included a spinoff of the Swiss unit or a tieup with rival UBS Group AG, the report said, adding that people involved cautioned it was unclear what, if any, measures would be executed. The Dow Jones Industrial Average DJIA, -1.23%, was off 331 points, or 1%, after falling more than 700 points at its session lows. The S&P 500 SPX, -1.05% was dwon 0.8%, while the Nasdaq Composite COMP, -0.31% was off less than 0.1%.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Credit Suisse woes knock euro, sterling, Swiss FrancEuropean currencies fell sharply on Wednesday after Credit Suisse's tumble to a new low renewed worries about the European banking sector following Silicon Valley Bank's collapse.
Baca lebih lajut »
Credit Suisse unease sparks fresh selloff in world stocksRenewed unease gripped world markets on Wednesday as news that Credit Suisse's largest investor said it could not provide the Swiss bank with more financial assistance sent its shares and broader European shares sliding once more.
Baca lebih lajut »
Credit Suisse unease sparks fresh selloff in world stocks By Reuters⚠️BREAKING: *EUROPEAN STOCKS PLUNGE AS CREDIT SUISSE UNEASE SPARKS FRESH SELLOFF IN BANKS 🇪🇺🇩🇪🇫🇷🇮🇹🇪🇸🇬🇧
Baca lebih lajut »
STOCK MARKET NEWS: US stocks tumble, Credit Suisse shares fall sharplyWall Street falls sharply, Credit Suisse weighs on European banks. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Baca lebih lajut »
Stocks making the biggest moves premarket: Credit Suisse, Lennar, PacWest & moreShares of Credit Suisse and several other European banks were halted from trading as prices plummeted.
Baca lebih lajut »
Regional bank stocks plunge as Credit Suisse, Moody’s downgrade rattle US marketRegional bank stocks plunged as part of a major premarket selloff on Wednesday morning.
Baca lebih lajut »